Martin Luther King Jr. Day will mean a closure of the NASDAQ Stock Market, the New York Stock Exchange, and even the bond markets. No buying and selling of stocks will take place during this day as major government holidays, like Juneteenth, President’s Day, and Veteran’s Day, are observed with the stock market being closed, and the Martin Luther King, Jr. holiday is no different.
Martin Luther King Jr. Holiday
Martin Luther King Jr. Day was officially declared a country-wide major holiday in the year 1983, all to honor Dr. King and his role in ending apartheid. Every year, the occasion is celebrated on the 3rd Monday of January by all Americans. It was the country’s first officially recognized African-American holiday.
Martin Luther King Jr. Day is a major government and federal holiday, this also means that banks, schools, libraries, offices, and the United States Postal Service will be closed.
Stock Market Status on Martin Luther King’s Holiday
Dealings, trading, transactions, and exchanges pertaining to The NYSE or New York Stock Exchange, NASDAQ Stock Market, and the bond markets cease on MLK day. Worry not, you will be able to trade to your heart’s content the following Tuesday. On the Tuesday after MLK Day (which always falls on a Monday,) the stock market and exchange will function normally, starting operating at 9:30 AM and shutting down at 4:00 PM Eastern Time as normal.
How the market is affected by MLK Day
Martin Luther King Jr. Day is always the first holiday to be celebrated each year in the United States, after New Year’s Day. On Martin Luther King Jr. Day, most businesses and retailers prefer to remain open. Since people are still recovering from the New Year and Christmas holidays, it’s not a day when retailers actively rally to entice customers. It is possible that inventory clearance discounts might happen as store owners want to sell New Year’s leftovers. All stores, including Walmart, Target, Home Depot, Walgreens, and CVS, will probably be open, but with perhaps modified hours. Nevertheless, many small enterprises are closed on holidays.
Chances of special Stock Market Patterns after MLK Day
Martin Luther King Jr. Day appears to have relatively little impact on the stock market. The business stock exchanges and transactions that take place after Martin Luther King, Jr. Day aren’t very significant. Unlike Easter, MLK Day is not a holiday that sees increased buying of retail items.
It is safe to say that the stock market pattern that follows this holiday is pretty random. If you wish to invest, you might as well because this might be as good of an opportunity as any.
Days from 2022 to 2024 that the stock market will remain closed.
The New York Stock Exchange (NYSE) and NASDAQ Stock Market will be closed on the following major holidays from 2022 through 2024:Occasion202220232024New Year’s —January 2, Monday January 1, MondayMartin Luther King, Jr. DayJanuary 17, MondayJanuary 16, MondayJanuary 15, MondayPresident’s DayFebruary 21, MondayFebruary 20, MondayFebruary 19, MondayGood Friday / Easter FridayApril 15, FridayApril 7, FridayMarch 29, FridayMemorial DayMay 30, MondayMay 29, MondayMay 27, MondayJuneteenth National Independence DayJune 20, MondayJune 19, MondayJune 19, WednesdayIndependence DayJuly 4, MondayJuly 4, TuesdayJuly 4, ThursdayLabor DaySeptember 5, MondaySeptember 4, MondaySeptember 2, MondayThanksgiving November 24, ThursdayNovember 23, ThursdayNovember 28, ThursdayChristmas December 26, MondayDecember 25, MondayDecember 25, Wednesday
Conclusion
The opening of the US Stock Markets does not take place on MLK Day, the third Monday of every January. Neither the NASDAQ Stock Market, the New York Stock Exchange, nor the bond markets open up for trading. The day is dedicated to Dr. King, a well-known Baptist civil rights activist in the United States. MLK Day will see a holiday for all trading, and traders are expected to be eager to trade the very next Tuesday. The federal holiday Martin Luther King Jr. Day is a significant one. The U.S. Postal Service, banks, schools, libraries, and workplaces will all be closed. Backtests reveal that it is reasonable to state that the stock market’s behavior after this holiday is somewhat unpredictable.
